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Lecico shareholders OKs EGP 0.25/shr dividend payout

Lecico shareholders OKs EGP 0.25/shr dividend payout
Photo Credit: Arabianeye-Reuters
Lecico
LCSW
-5.99% 15.06 -0.96

Lecico–Egypt’s ordinary general meeting approved the board’s proposed dividend payout of EGP 0.25 per share for the fiscal year ended 31 December 2014.

Lecico reported net profits of EGP 91.6 million in 2014, with margins of 5.8%, compared to EGP 18 million in losses for the previous year, due to the impact of one-off costs of Lecico–France in 2013.

The company is capitalised at EGP 400 million, divided into 80 million shares at EGP 5 par value each.